Symbotic (NASDAQ:SYM) Shares Down 1.2% Following Insider Selling

Symbotic Inc. (NASDAQ:SYM)’s stock price dropped 1.2% during trading on Wednesday following insider selling activity. The stock traded as low as $69.07 and last traded at $69.62. Approximately 1,529,683 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 2,114,003 shares. The stock had previously closed at $70.45.

Specifically, insider William M. Boyd III sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $69.00, for a total transaction of $1,035,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William M. Boyd III sold 5,115 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $63.89, for a total value of $326,797.35. Following the sale, the insider directly owned 19,199 shares of the company’s stock, valued at $1,226,624.11. This represents a 21.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SYM. Citigroup increased their target price on Symbotic from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. The Goldman Sachs Group downgraded shares of Symbotic from a “neutral” rating to a “sell” rating and set a $47.00 price target on the stock. in a research note on Tuesday, December 2nd. Wall Street Zen upgraded shares of Symbotic from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. Needham & Company LLC upped their target price on shares of Symbotic from $57.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Symbotic from $55.00 to $63.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Symbotic currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Trending Headlines about Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Company reported a ~52% jump in FY‑2024 revenue and announced a bigger AI commitment — news that drove recent buying and supports a growth story and product differentiation thesis. Symbotic (SYM) Is Up 13.9% After 52% FY 2024 Revenue Jump And Bigger AI Bet – What’s Changed
• Positive Sentiment: Several analysts raised price targets and issued buy/outperform stances recently (e.g., Needham, Northland, Oppenheimer), lending validation to the rally and providing support on dips. MarketBeat SYM coverage
• Neutral Sentiment: Market commentary highlights strong share‑price momentum but flags conflicting valuation signals — very large market cap and high expectations vs. still‑negative EPS — implying sensitivity to execution and margin improvement. Evaluating Symbotic (SYM) After Recent Share Price Momentum And Conflicting Valuation Signals
• Neutral Sentiment: Notes that SYM has recently outperformed the market — this can attract momentum traders but increase volatility on mixed news. Zacks: Symbotic Exceeds Market Returns
• Negative Sentiment: Insider selling: director William M. Boyd III sold a total of 20,115 shares in early January (5,115 at ≈$63.89 and 15,000 at ≈$69), materially reducing his position — a potential negative signal during a bullish run. SEC Form 4

Symbotic Trading Down 1.2%

The firm’s 50-day moving average price is $65.56 and its two-hundred day moving average price is $57.60. The stock has a market cap of $41.18 billion, a PE ratio of -464.13, a PEG ratio of 19.47 and a beta of 2.13.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $618.46 million for the quarter, compared to analysts’ expectations of $604.00 million. Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. On average, analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On Symbotic

Institutional investors have recently added to or reduced their stakes in the stock. MAI Capital Management raised its holdings in Symbotic by 833.3% in the third quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Symbotic in the 2nd quarter worth approximately $32,000. IAG Wealth Partners LLC bought a new position in shares of Symbotic during the 2nd quarter worth approximately $32,000. Ameriflex Group Inc. raised its stake in shares of Symbotic by 1,500.0% during the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after acquiring an additional 660 shares in the last quarter. Finally, Gables Capital Management Inc. purchased a new stake in Symbotic during the second quarter valued at approximately $39,000.

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.